Ross Cameron, author, full-time day trader, and owner of Warrior Trading, shares his favorite books on trading and the stock market. Read more on Riffle
Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas
"This book is one of the best on the psychology of trading and money-making through the market. Rather than serving as a step-by-step guide, it focuses on the mindset needed to be a successful trader. Douglas gives tips for overcoming mental blocks, like in my favorite part in Chapter 7 where he discusses eliminating emotional risk in order to think objectively and develop an exit strategy before entering a trade."
1 / 7
Encyclopedia of Chart Patterns, 2nd Edition by Thomas N. Bulkowski
"This is a must-have reference on every trader’s desk. It goes in-depth into every chart pattern, with statistical data and details like when they are most effective and under which conditions. This edition is great because Bulkowski added a section on special event patterns that occur after volatility-causing events like upgrades and earnings announcements. I always keep this book handy even after years of trading."
2 / 7
Reminiscences of a Stock Operator by Edwin Lefèvre
"This book is a nice change in trading literature. Written in 1923 by a former US Ambassador, it is a fictionalized account of real-life stock speculator Jesse Livermore. Protagonist Larry Livingston goes to Wall Street after starting his trading career in bucket shops and being banned for quickly winning too much money. The book has timeless advice about the market and speculating. It’s a classic for a reason!"
3 / 7
The Art and Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies by Adam Grimes
"This is a good reference for market structure and reading charts, but also an in-depth trading analysis, covering both technical and psychological aspects, with detailed examples. Grimes talks about forming and using an edge in the market and the importance of discipline to trade that edge. He recommends tools for entries and exits, and gives tips for developing trading strategies by analyzing market conditions."
4 / 7
By Jack D. Schwager: Market Wizards: Interviews with Top Traders by
"This is a book of interviews of traders who have had their ups and downs in the market and came out on top. One of my favorites is the interview with hedge fund manager Paul Tudor Jones who went from working as a floor clerk at the New York Cotton Exchange to running his own fund and becoming a billionaire. After hearing so much about how easy it is to fail at trading, this series of success stories is refreshing."
5 / 7
Trade Mindfully: Achieve Your Optimum Trading Performance with Mindfulness and Cutting-Edge Psychology (Wiley Trading) by Gary Dayton
"This book is such a great read for traders who suffer from holding their losers too long and selling their winners too soon. Dayton explains the psychology of trading and why traders have impulses that cause them to make these mistakes. By being mindful of this process, it becomes easier to overcome it. "
6 / 7
How to Day Trade: A Detailed Guide to Day Trading Strategies, Risk Management, and Trader Psychology by Ross Cameron
"Of course I have to recommend my own book! I wanted to make something that could serve as a comprehensive guide to day trading so that beginners could get a strong start. It pairs well with introduction courses that I teach at Warrior Trading, so I recommend it to many of our newbies. I cover theories of day trading and what makes it unique, but I also delve into the exact strategies I use every day to trade."
7 / 7